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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.25 Td (Filed herewith as Exhibit 99.1 to this Current Report on Form 8-K is the unaudited pro forma consolidated statements of operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.79 718.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.25 Td (the year ended December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.38 706.25 Td ( for Hines Global Income ) Tj ET Q q 0 0 0 rg BT 279.90 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 285.65 706.25 Td (rust, Inc. and the notes thereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 682.25 Td (Item 9.01 Financial Statements and Exhibits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 658.25 Td (\(d\) Exhibits:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.25 Td (The following exhibits are being filed herewith:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 39 612.0833984375 m 85.6650390625 612.0833984375 l s q 0 0 0 rg BT 39.00 613.42 Td (Exhibit No.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 612.0833984375 m 144.6552734375 612.0833984375 l s q 0 0 0 rg BT 98.00 613.42 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 599.32 Td (99.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 599.32 Td (Unaudited pro forma consolidated statement of operations for the year ended December31, 2018 for Hines Global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 589.32 Td (Income ) Tj ET Q q 0 0 0 rg BT 130.30 589.32 Td (T) Tj ET Q q 0 0 0 rg BT 136.06 589.32 Td (rust, Inc. and the notes thereto.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 38.10 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 735.75 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 735.75 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 711.75 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 271.05 711.75 Td (Act of 1934, the registrant has duly caused this report to be signed on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 699.75 Td (behalf by the undersigned hereunto duly authorized.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 608.25 m 355 608.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 608.25 m 405 608.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 641.82 Td (Hines Global Income ) Tj ET Q q 0 0 0 rg BT 267.35 641.82 Td (T) Tj ET Q q 0 0 0 rg BT 273.11 641.82 Td (rust, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.85 612.92 Td (April 12, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 611.92 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.50 611.92 Td (/s/ J. Shea Mor) Tj ET Q q 0 0 0 rg BT 273.41 611.92 Td (genroth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.50 597.92 Td (Name: J. Shea Mor) Tj ET Q q 0 0 0 rg BT 290.53 597.92 Td (genroth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.50 584.37 Td (T) Tj ET Q q 0 0 0 rg BT 219.26 584.37 Td (itle: Chief ) Tj ET Q q 0 0 0 rg BT 261.47 584.37 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 321.00 584.37 Td (ficer and ) Tj ET Q q 0 0 0 rg BT 358.57 584.37 Td (T) Tj ET Q q 0 0 0 rg BT 364.33 584.37 Td (reasurer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.30 740.25 Td (Exhibit 99.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.80 716.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 295.66 716.25 Td ( INCOME ) Tj ET Q q 0 0 0 rg BT 342.70 716.25 Td (TRUST) Tj ET Q q 0 0 0 rg BT 375.30 716.25 Td (, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.10 704.25 Td (UNAUDITED PRO FORMA) Tj ET Q q 0 0 0 rg BT 266.99 704.25 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 329.31 704.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 408.49 704.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 422.48 704.25 Td (A) Tj ET Q q 0 0 0 rg BT 428.96 704.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 680.25 Td (Hines Global Income ) Tj ET Q q 0 0 0 rg BT 141.85 680.25 Td (T) Tj ET Q q 0 0 0 rg BT 147.61 680.25 Td (rust, Inc. \(the Company\), made the following acquisitions since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.10 680.25 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.70 680.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 643.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 643.75 127.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 643.75 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.00 613.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 613.75 127.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 613.75 184.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55 643.75 m 254 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 643.75 m 381 643.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 643.75 m 565 643.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.50 648.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 67.87 648.43 Td (operty Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.15 648.43 Td (Date of ) Tj ET Q q 0 0 0 rg BT 309.19 648.43 Td (Acquisition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.75 648.43 Td (Net Pur) Tj ET Q q 0 0 0 rg BT 465.17 648.43 Td (chase Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 633.42 Td (V) Tj ET Q q 0 0 0 rg BT 64.17 633.42 Td (enue Museum District) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.85 633.42 Td (September 21, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.55 633.42 Td ($72.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 618.42 Td (Fresh Park ) Tj ET Q q 0 0 0 rg BT 102.96 618.42 Td (V) Tj ET Q q 0 0 0 rg BT 109.54 618.42 Td (enlo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.60 618.42 Td (October 5, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.05 618.42 Td ($136.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 603.42 Td (Maintal Logistics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.70 603.42 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.55 603.42 Td ($43.8 million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.82 575.25 Td (The unaudited pro forma consolidated statement of operations that follows assumes that all 2018 acquisitions described above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 563.25 Td (occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.98 563.25 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.57 563.25 Td (. ) Tj ET Q q 0 0 0 rg BT 156.52 563.25 Td (An unaudited pro forma consolidated balance sheet is not presented because the Company) Tj ET Q q 0 0 0 rg BT 520.30 563.25 Td (s 2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 551.25 Td (acquisitions were already reflected in the Company) Tj ET Q q 0 0 0 rg BT 244.26 551.25 Td (s consolidated balance sheet as of December 31, 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 527.25 Td (The unaudited pro forma adjustments are based on available information and certain estimates and assumptions that the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 515.25 Td (believes are reasonable and factually supportable. ) Tj ET Q q 0 0 0 rg BT 239.62 515.25 Td (The unaudited pro forma consolidated statement of operations is not necessarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 503.25 Td (indicative of what actual results of operations would have been had the Company made these acquisitions on the first day of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 491.25 Td (presented, nor does it purport to represent the results of operations for future periods. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.0392156862745098 0.0392156862745098 0.0392156862745098 rg BT 381.00 491.25 Td (The pro forma information should be read in ) Tj ET Q BT /F1 10.00 Tf ET q 0.0392156862745098 0.0392156862745098 0.0392156862745098 rg BT 36.00 479.25 Td (conjunction with the historical consolidated financial statements and notes thereto as filed in the Company) Tj ET Q q 0.0392156862745098 0.0392156862745098 0.0392156862745098 rg BT 464.78 479.25 Td (s ) Tj ET Q q 0.0392156862745098 0.0392156862745098 0.0392156862745098 rg BT 470.62 479.25 Td (Annual Report on Form 10-) Tj ET Q BT /F1 10.00 Tf ET q 0.0392156862745098 0.0392156862745098 0.0392156862745098 rg BT 36.00 467.25 Td (K for the year ended December 31, 2018. ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 219.80 740.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 295.66 740.25 Td ( INCOME ) Tj ET Q q 0 0 0 rg BT 342.70 740.25 Td (TRUST) Tj ET Q q 0 0 0 rg BT 375.30 740.25 Td (, INC.) 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re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 620.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 620.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 620.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 620.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 620.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 590.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 590.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 590.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 590.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 590.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 590.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 590.75 67.00 -15.00 re f /GS0 gs 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0.9333333333333333 1 rg /GS0 gs 433.50 530.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 530.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 530.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 500.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 500.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 500.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 500.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 500.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 500.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 500.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 500.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 470.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 470.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 470.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 470.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 470.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 470.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 470.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 470.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 440.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 440.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 440.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 440.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 440.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 440.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 440.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 401.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 401.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 401.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 401.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 401.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 401.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 401.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 401.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 371.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 371.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 371.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 371.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 371.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 371.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 371.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 371.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 341.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 341.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 341.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 341.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 341.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 341.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 341.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 341.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 311.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 311.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 311.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 311.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 311.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 311.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 311.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 311.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 272.75 233.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 272.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 272.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 272.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 272.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 272.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 272.75 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 272.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 242.75 233.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 242.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 242.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 242.75 71.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 242.75 18.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 242.75 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 242.75 18.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 242.75 67.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 39.50 193.75 233.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 193.75 68.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 193.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 193.75 71.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 193.75 18.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 193.75 62.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 193.75 18.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 193.75 67.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 649.75 m 340.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 649.75 m 415.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 649.75 m 495.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 649.75 m 580.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 590.75 m 340.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 590.75 m 415.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 590.75 m 495.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 590.75 m 580.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 590.75 m 415.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 590.75 m 495.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 590.75 m 580.5 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 440.75 m 340.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 440.75 m 415.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 440.75 m 495.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 440.75 m 580.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 425.75 m 340.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 440.75 m 415.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 425.75 m 415.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 440.75 m 495.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 425.75 m 495.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 440.75 m 580.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 425.75 m 580.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 425.75 m 415.5 425.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 296.75 m 340.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 296.75 m 415.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 296.75 m 495.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 296.75 m 580.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 296.75 m 415.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 257.75 m 340.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 257.75 m 415.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 257.75 m 495.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 257.75 m 580.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 257.75 m 415.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 257.75 m 495.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 257.75 m 580.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 217.75 m 495.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 217.75 m 340.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 194.75 m 340.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 192.75 m 340.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 217.75 m 415.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 194.75 m 415.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 192.75 m 415.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 217.75 m 495.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 194.75 m 495.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 192.75 m 495.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 217.75 m 580.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 194.75 m 580.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 192.75 m 580.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 192.75 m 340.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 194.75 m 340.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 192.75 m 415.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 194.75 m 415.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 170.75 m 415.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 168.75 m 415.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 192.75 m 495.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 194.75 m 495.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 170.75 m 495.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 168.75 m 495.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 192.75 m 580.5 192.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 194.75 m 580.5 194.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 170.75 m 580.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 168.75 m 580.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 168.75 m 340.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 170.75 m 340.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 145.75 m 340.5 145.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 143.75 m 340.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 168.75 m 415.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 170.75 m 415.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 145.75 m 415.5 145.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 143.75 m 415.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 168.75 m 495.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 170.75 m 495.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 145.75 m 495.5 145.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 143.75 m 495.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 168.75 m 580.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 170.75 m 580.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 145.75 m 580.5 145.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 143.75 m 580.5 143.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.90 674.43 Td (Y) Tj ET Q q 0 0 0 rg BT 287.57 674.43 Td (ear) Tj ET Q q 0 0 0 rg BT 300.80 674.43 Td ( Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.90 664.43 Td (December) Tj ET Q q 0 0 0 rg BT 320.12 664.43 Td ( 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 654.43 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.25 684.43 Td (Adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.90 674.43 Td (for) Tj ET Q q 0 0 0 rg BT 364.58 674.43 Td ( the Fr) Tj ET Q q 0 0 0 rg BT 393.27 674.43 Td (esh) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.70 664.43 Td (Park ) Tj ET Q q 0 0 0 rg BT 379.22 664.43 Td (V) Tj ET Q q 0 0 0 rg BT 385.89 664.43 Td (enlo) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.15 654.43 Td (acquisition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.30 664.43 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.75 654.43 Td (Adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.60 654.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 535.97 654.43 Td (o Forma) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.40 640.20 Td (\(in thousands, except per) Tj ET Q q 0 0 0 rg BT 443.24 640.20 Td ( shar) Tj ET Q q 0 0 0 rg BT 462.33 640.20 Td (e amounts\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 625.20 Td (Revenues:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 610.21 Td (Rental revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.00 610.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.25 610.21 Td (68,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.00 610.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.25 610.21 Td (1) Tj ET Q q 0 0 0 rg BT 391.75 610.21 Td (1,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 610.21 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 610.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 610.21 Td (7,054) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 610.21 Td (\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.00 610.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.25 610.21 Td (86,367) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 595.21 Td (Other revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.75 595.21 Td (1,063) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 595.21 Td (120) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 595.21 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 595.21 Td (132) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 595.21 Td (\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.75 595.21 Td (1,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 580.21 Td (T) Tj ET Q q 0 0 0 rg BT 47.18 580.21 Td (otal revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.25 580.21 Td (69,069) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.25 580.21 Td (1) Tj ET Q q 0 0 0 rg BT 391.75 580.21 Td (1,427) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 580.21 Td (7,186) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.25 580.21 Td (87,682) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 565.20 Td (Expenses:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.00 565.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.00 565.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 550.21 Td (Property operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.25 550.21 Td (13,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 550.21 Td (4,917) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 550.21 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 550.21 Td (1,687) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 550.21 Td (\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.25 550.21 Td (20,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 535.21 Td (Real property taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.75 535.21 Td (8,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 535.21 Td (261) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 535.21 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 535.21 Td (907) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 535.21 Td (\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.75 535.21 Td (9,769) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 520.21 Td (Property management fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.75 520.21 Td (1,845) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 520.21 Td (1,062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 520.21 Td (\(b\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 520.21 Td (125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 520.21 Td (\(e\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.75 520.21 Td (3,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 505.21 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.25 505.21 Td (32,478) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 505.21 Td (7,510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 505.21 Td (\(a\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 505.21 Td (5,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 505.21 Td (\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.25 505.21 Td (45,592) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 490.21 Td (Acquisition related expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.50 490.21 Td (144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 490.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 490.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.50 490.21 Td (144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 475.21 Td (Asset management and acquisition fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.75 475.21 Td (5,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 475.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 475.21 Td (500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 475.21 Td (\(f\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.75 475.21 Td (5,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 460.21 Td (Performance participation allocation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.75 460.21 Td (5,954) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.75 460.21 Td (5,954) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 445.21 Td (General and administrative expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.75 445.21 Td (3,131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 445.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 445.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 556.75 445.21 Td (3,131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 430.21 Td (T) Tj ET Q q 0 0 0 rg BT 47.18 430.21 Td (otal expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.25 430.21 Td (70,931) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.25 430.21 Td (13,750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 430.21 Td (8,823) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.25 430.21 Td (93,504) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 406.20 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 115.40 406.20 Td (e other) Tj ET Q q 0 0 0 rg BT 141.98 406.20 Td ( income \(expenses\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.75 406.21 Td (\(1,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 406.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 406.21 Td (\(2,323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 406.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 406.21 Td (\(1,637) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 406.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.75 406.21 Td (\(5,822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 406.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 391.20 Td (Other) Tj ET Q q 0 0 0 rg BT 64.91 391.20 Td ( income \(expenses\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.00 391.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.00 391.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 376.21 Td (Gain \(loss\) on derivative instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 376.21 Td (\(272) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 376.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 376.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 376.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.50 376.21 Td (\(272) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 376.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 361.21 Td (Gain \(loss\) on investments in real estate-related securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 361.21 Td (\(401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 361.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 361.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 361.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.50 361.21 Td (\(401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 361.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 346.21 Td (Gain on sale of real estate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.25 346.21 Td (14,491) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 346.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 346.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.25 346.21 Td (14,491) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 331.21 Td (Foreign currency gains \(losses\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 331.21 Td (\(438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 331.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 331.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 331.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 560.50 331.21 Td (\(438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 331.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 316.21 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.25 316.21 Td (\(12,649) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 316.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 316.21 Td (\(3,281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 316.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 316.21 Td (\(c\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 316.21 Td (\(2,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 316.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 316.21 Td (\(g\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 316.21 Td (\(18,677) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 316.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 301.21 Td (Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.50 301.21 Td (261) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 301.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 301.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.50 301.21 Td (261) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 277.20 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 115.40 277.20 Td (e benefit \(pr) Tj ET Q q 0 0 0 rg BT 162.23 277.20 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 205.81 277.20 Td ( income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 277.21 Td (\(870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 277.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 277.21 Td (\(5,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 277.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 277.21 Td (\(4,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 277.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 277.21 Td (\(10,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 277.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 262.21 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 262.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 262.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 262.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 262.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 569.50 262.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 262.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 247.20 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 247.21 Td (\(879) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 247.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 247.21 Td (\(5,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 247.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 247.21 Td (\(4,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 247.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 247.21 Td (\(10,867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 247.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 222.21 Td (Net \(income\) loss attributable to noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 325.00 222.21 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 222.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 222.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 222.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.00 222.21 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 222.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 198.20 Td (Net income \(loss\) attributable to common stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.00 198.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.50 198.21 Td (\(892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 198.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.00 198.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 198.21 Td (\(5,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 198.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 198.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 198.21 Td (\(4,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.00 198.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.00 198.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.25 198.21 Td (\(10,880) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 198.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.00 174.20 Td (Basic and diluted income \(loss\) per) Tj ET Q q 0 0 0 rg BT 175.59 174.20 Td ( common shar) Tj ET Q q 0 0 0 rg BT 229.93 174.20 Td (e) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.00 174.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 174.21 Td (\(0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.00 174.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.00 174.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 174.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.00 174.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 174.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.00 174.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.25 174.21 Td (\(0.27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 577.00 174.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 42.00 149.21 Td (W) Tj ET Q q 0 0 0 rg BT 49.77 149.21 Td (eighted average number of common shares outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.25 149.21 Td (40,468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.25 149.21 Td (40,468) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.05 121.25 Td (See notes to unaudited pro forma consolidated statement of operations and notes to unaudited pro forma consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.10 109.25 Td (statements.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.95 728.10 Td (Notes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 257.04 728.10 Td (o Forma Consolidated Statement of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.20 716.10 Td (For) Tj ET Q q 0 0 0 rg BT 242.57 716.10 Td ( the) Tj ET Q q 0 0 0 rg BT 260.53 716.10 Td (Y) Tj ET Q q 0 0 0 rg BT 266.64 716.10 Td (ear) Tj ET Q q 0 0 0 rg BT 280.33 716.10 Td ( Ended December) Tj ET Q q 0 0 0 rg BT 356.25 716.10 Td ( 31, 2018) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 698.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 698.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 698.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 698.10 Td (fect of the Company) Tj ET Q q 0 0 0 rg BT 262.16 698.10 Td (s acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.76 698.10 Td (Fresh Park ) Tj ET Q q 0 0 0 rg BT 371.13 698.10 Td (V) Tj ET Q q 0 0 0 rg BT 377.24 698.10 Td (enlo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.46 698.10 Td ( based on its historical results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 686.10 Td (ofoperationsassuming that the acquisition had occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.77 686.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.37 686.10 Td (. Depreciation and amortization were calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 674.10 Td (based on the fair value of the investment property using a useful life of 40 years and in place lease assets and out of market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 662.10 Td (lease assets and liabilities using a useful life of the remaining lease terms, which are preliminary and subject to change.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 644.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 644.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 644.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 644.10 Td (fect of the property management fee owed to an af) Tj ET Q q 0 0 0 rg BT 379.13 644.10 Td (filiate of Hines assuming that the acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 632.10 Td (Fresh Park ) Tj ET Q q 0 0 0 rg BT 117.37 632.10 Td (V) Tj ET Q q 0 0 0 rg BT 123.48 632.10 Td (enlo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.70 632.10 Td ( had occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.12 632.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.71 632.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.10 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 614.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 614.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 614.10 Td (fect of interest expense assuming that the Company had borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.11 614.10 Td ($60.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.00 614.10 Td ( under its credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 602.10 Td (facility with Hines and the secured mortgage facilities from a third party totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.18 602.10 Td (75.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.07 602.10 Td ( \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.16 602.10 Td ($87.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.05 602.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 590.10 Td (assuming a rate of $1.16 per EUR on the date of the transaction\) related to the acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.83 590.10 Td (Fresh Park ) Tj ET Q q 0 0 0 rg BT 489.20 590.10 Td (V) Tj ET Q q 0 0 0 rg BT 495.32 590.10 Td (enlo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.53 590.10 Td ( had been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 578.10 Td (outstanding on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.67 578.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.26 578.10 Td (. ) Tj ET Q q 0 0 0 rg BT 204.58 578.10 Td (The weighted average interest rate for all of the borrowings used to acquire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.07 578.10 Td (Fresh Park ) Tj ET Q q 0 0 0 rg BT 553.45 578.10 Td (V) Tj ET Q q 0 0 0 rg BT 559.56 578.10 Td (enlo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 576.78 578.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 566.10 Td (was 2.50% at the date of acquisition. If interest rates were to increase by 1/8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 379.39 570.63 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.45 566.10 Td ( of a percent, interest expense would increase by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 554.10 Td (approximately $183,750.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 536.10 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 536.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 536.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 536.10 Td (fect of the Company) Tj ET Q q 0 0 0 rg BT 262.16 536.10 Td (s acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.58 536.10 Td (V) Tj ET Q q 0 0 0 rg BT 331.69 536.10 Td (enue Museum District and Maintal Logistics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.27 536.10 Td ( based on their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 524.10 Td (historical results ofoperationsassuming that these acquisitions had occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.31 524.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.91 524.10 Td (. Depreciation and amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (were calculated based on the fair values of the investment properties using a useful life of 40 years and intangible lease assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 500.10 Td (and liabilities using a useful life of the remaining lease terms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 482.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 482.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 482.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 482.10 Td (fect of the property management fee with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.36 482.10 Td (V) Tj ET Q q 0 0 0 rg BT 392.47 482.10 Td (enue Museum District and Maintal Logistics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.05 482.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 470.10 Td (assuming that the acquisition had occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.79 470.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.38 470.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 452.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 452.10 Td (These adjustments reflect the pro forma ef) Tj ET Q q 0 0 0 rg BT 241.19 452.10 Td (fect of the asset management fee owed to an af) Tj ET Q q 0 0 0 rg BT 428.43 452.10 Td (filiate of Hines, assuming the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 440.10 Td (Company) Tj ET Q q 0 0 0 rg BT 113.67 440.10 Td (s acquisitions had occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.24 440.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.84 440.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 422.10 Td (\(g\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 422.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.41 422.10 Td (o record the pro forma ef) Tj ET Q q 0 0 0 rg BT 177.46 422.10 Td (fect of interest expense assuming the Company had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.99 422.10 Td ($45.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.89 422.10 Td ( in permanent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 410.10 Td (financing in place as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.80 410.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.39 410.10 Td ( and borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.71 410.10 Td ($15.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.61 410.10 Td ( under its credit facility with Hines related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 398.10 Td (acquisition of ) Tj ET Q q 0 0 0 rg BT 129.03 398.10 Td (V) Tj ET Q q 0 0 0 rg BT 135.14 398.10 Td (enue Museum District, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.96 398.10 Td (23.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.85 398.10 Td ( \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.94 398.10 Td ($26.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.83 398.10 Td ( assuming a rate of $1.134 per EUR on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 386.10 Td (the date of the transaction\) in permanent financing in place as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.90 386.10 Td (January1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 386.10 Td ( and borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.82 386.10 Td ($14.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.71 386.10 Td ( under its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 374.10 Td (credit facility with Hines related to the acquisition of Maintal Logistics. ) Tj ET Q q 0 0 0 rg BT 361.19 374.10 Td (The weighted average interest rate for all of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 362.10 Td (borrowings used to acquire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.90 362.10 Td (V) Tj ET Q q 0 0 0 rg BT 189.02 362.10 Td (enue Museum District and Maintal Logistics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 362.10 Td ( was 3.37% as of the date of acquisition. If interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 350.10 Td (rates were to increase by 1/8) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 186.12 354.63 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.17 350.10 Td ( of a percent, interest expense would increase by approximately $125,750.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.30 740.10 Td (N) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.52 740.10 Td (otes to Unaudited Pr) Tj ET Q q 0 0 0 rg BT 264.39 740.10 Td (o Forma Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 716.10 Td (\(1\) Investment Pr) Tj ET Q q 0 0 0 rg BT 113.30 716.10 Td (operties ) Tj ET Q q 0 0 0 rg BT 149.13 716.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 178.94 716.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 190.89 716.10 Td (After) Tj ET Q q 0 0 0 rg BT 213.47 716.10 Td ( January 1, 2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 692.10 Td (V) Tj ET Q q 0 0 0 rg BT 59.00 692.10 Td (enue Museum District) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 668.10 Td (On September 21, 2018, the Company acquired ) Tj ET Q q 0 0 0 rg BT 246.83 668.10 Td (V) Tj ET Q q 0 0 0 rg BT 252.95 668.10 Td (enue Museum District, a multi-family community located in Houston, ) Tj ET Q q 0 0 0 rg BT 535.22 668.10 Td (T) Tj ET Q q 0 0 0 rg BT 540.63 668.10 Td (exas. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 656.10 Td (V) Tj ET Q q 0 0 0 rg BT 42.11 656.10 Td (enue Museum District was constructed in 2009, consists of 224 units, and is 92% leased. ) Tj ET Q q 0 0 0 rg BT 399.10 656.10 Td (The contract purchase price was$72.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 644.10 Td (million, exclusive of transaction costs and closing prorations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 620.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 63.63 620.10 Td (esh Park V) Tj ET Q q 0 0 0 rg BT 106.40 620.10 Td (enlo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 596.10 Td (On October 5, 2018, the Company acquired the leasehold interest in Fresh Park ) Tj ET Q q 0 0 0 rg BT 374.02 596.10 Td (V) Tj ET Q q 0 0 0 rg BT 380.13 596.10 Td (enlo, a specialized logistics park located in ) Tj ET Q q 0 0 0 rg BT 553.78 596.10 Td (V) Tj ET Q q 0 0 0 rg BT 559.89 596.10 Td (enlo, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 584.10 Td (the Netherlands. Fresh Park ) Tj ET Q q 0 0 0 rg BT 149.40 584.10 Td (V) Tj ET Q q 0 0 0 rg BT 155.52 584.10 Td (enlo is comprised of 23 buildings constructed between 1960 and 2018, and consists of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 572.10 Td (2,863,630 leasable square feet that is, in the aggregate, 92% leased to more than 60 tenants. ) Tj ET Q q 0 0 0 rg BT 404.31 572.10 Td (The purchase price for Fresh Park ) Tj ET Q q 0 0 0 rg BT 542.41 572.10 Td (V) Tj ET Q q 0 0 0 rg BT 548.52 572.10 Td (enlo was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 560.10 Td (1) Tj ET Q q 0 0 0 rg BT 45.63 560.10 Td (17.5 million \(approximately $136.3 million assuming a rate of $1.16 per EUR on the date of the transaction\), exclusive of transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 548.10 Td (costs and working capital reserves.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 524.10 Td (Maintal Logistics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 500.10 Td (On December 31, 2018, the Company acquired Maintal Logistics, a portfolio of three industrial buildings located outside of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 488.10 Td (Frankfurt, Germany) Tj ET Q q 0 0 0 rg BT 115.33 488.10 Td (. Maintal Logistics consists of 386,176 square feet and is 96% leased to three tenants. ) Tj ET Q q 0 0 0 rg BT 464.51 488.10 Td (The net purchase price was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 476.10 Td (38.3 million \(approximately $43.8 million assuming a rate of $1.14 per EUR as of the acquisition date\), exclusive of transaction costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 464.10 Td (and closing prorations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 440.10 Td (The unaudited pro forma consolidated statements of operations assume that all 2018 acquisitions described above occurred on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 428.10 Td (January1, 2018.) Tj ET Q endstream endobj 17 0 obj <> /View <>>>>> endobj 18 0 obj <> /View <>>>>> endobj 19 0 obj <> endobj 20 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;